Individually Owned 
For Sale
1 / 3
$295,000
315 Spring St, Carthage, TN 37030
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Total area
5,304 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C-1
APN
080054H D 02500
UPID
US80-0359913
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$220k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$205k
Owner & transaction history
since 2001
2 recorded transactions
Zoning & alternative use
C-1 · Carthage, TN
Zoning description
Within the C-1 Central Commercial District, as shown on the Official Carthage Zoning Map, the following regulations shall apply: 11-504.2 PERMITTED USES 11-504.2A Business and personal services but limited to the followi…
General category
COMMERCIAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$205k
Value range
$185k – $226k
±10% around blend
Estimated value / SF
$39 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$185k
blend $205k
$226k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,304 SF
Lot area
0.12 ac
Year built
1930
Stories
1
APN
080054H D 02500
Zoning
C-1
Assessed value
$30,200
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$205k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$67
-42%
Submarket 20 sales
$67
-42%
County 27 sales
$73
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $39/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
6.81%
Selected cap rate for this retail space
Derived from the Carthage market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.81%
9.0%
NOI (est.)
$20k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$295k
Move the market yield to see immediate price impact.
Value / SF
$56
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.31%6.81%7.31%
$18k
$286k
$265k
$247k
$20k
$318k
$295k
$275k
$22k
$350k
$324k
$302k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$30,200
Assessed 2023
Previous assessed
$30,200
+0.0% YoY
Assessed land
$10,000
Assessed improvement
$20,200
Land market value
$25,000
Improvement market value
$50,500
Total market value
$75,500
Applied tax rate
80.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1930
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
0
Total area
5,304 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C-1
APN
080054H D 02500
UPID
US80-0359913
Jurisdiction
SMITH
Zoning & alternative use
C-1 · Carthage, TNZoning C-1 · permitted uses
C-1 · Carthage, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Within the C-1 Central Commercial District, as shown on the Official Carthage Zoning Map, the following regulations shall apply: 11-504.2 PERMITTED USES 11-504.2A Business and personal services but limited to the followi…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1930
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
0
Lot
0.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-1
COMMERCIAL
Jurisdiction
Carthage, TN
Recorded code
C-1
Official district
C-1
Official district profile
What the municipal code says about C-1
Zoning description
Within the C-1 Central Commercial District, as shown on the Official Carthage Zoning Map, the following regulations shall apply: 11-504.2 PERMITTED USES 11-504.2A Business and personal services but limited to the followi…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Carthage, TN.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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